VeriDoc Global Data Analytics
14 May 2020
VeriDoc Global recently launched VeriDoc Analytics, a module which is the first of its kind around the world in anticounterfeit technology as well as predictive modeling and analytics.
By delivering this key milestone ahead of schedule, there’s been a lot of excitement around how customers can employ this new technology.
Data on its own is only data. What makes big data so valuable is the ability to convert the data into insights, predictions, performance metrics, and reports, sequentially something that has meaning.
It’s important to note that getting real insights depends on the data being correct. One of the significant concerns with big data is that there are many ways for errors to be accidentally or deliberately added to the mix.
Trusting the data or a lack there of, limits the insights that can be delivered through analytics.
One solution to this problem can be found in blockchain software technology.
Being able to analyze data that is reliable because it’s immutable, verifiable, and traceable is something that was not possible until now.
By ensuring data quality, the combination of big data and blockchain offers massive opportunities for organizations and consumers.
The world of data and analytics is multiplying, and there are many real-world use cases being used right at this moment.
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